QuSecure | May 24, 2022
QuSecure, Inc., an innovator in post-quantum cryptography (PQC), formally launched as the first company to offer an end-to-end, quantum resilient orchestration platform. QuSecure’s solution, QuProtect, is the industry’s first PQC software-based platform uniquely designed to protect encrypted communications and data using a quantum secure channel and standardized PQC algorithms. It addresses present classical attacks and future quantum computing threats for commercial enterprises and government agencies.
QuSecure’s novel approach, as outlined in a separate QuSecure Product Launch press release issued today, had previously enabled the company to secure a triple-oversubscribed seed round from investor groups including Band of Angels, and has garnered significant interest for future funding activities from an A-list of investors. The company is led by CEO Dave Krauthamer, Silicon Valley CEO, CIO, CTO, CRO, CMO; COO Skip Sanzeri, long-time Silicon Valley Executive and author of “The Quantum Design Sprint” who has engineered five successful exits; CTO Greg Bullard, former VP of Engineering and head of Hardware Security at Qualcomm; Pete Ford, Head of Federal Operations, formerly a United States Air Force F-15 fighter pilot with five combat tours and former executive in Raytheon’s Missile and Defense Group; and Chief Product Officer Rebecca Krauthamer, who graduated with a degree in symbolic systems from Stanford, and is a Forbes 30 under 30 and 12 Women Pioneering the World of Quantum Computing honoree, quantum board member at the World Economic Forum, and formerly served as CEO of quantum computing venture studio Quantum Thought.
QuSecure’s mission is to provide enterprises and government organizations with a comprehensive cryptographic orchestration platform that addresses today’s classical and future quantum threats. Our QuProtect solution secures networks from current vulnerabilities using zero trust, next-generation standardized encryption, active monitoring, and attack remediation – all cloud-delivered in software to existing devices, over existing infrastructure. We are creating an exceptionally secure future using a unique and comprehensive approach to cybersecurity that gives organizations a practical encryption solution for resilience to cyberattacks. Early customers tell us that a SaaS end-to-end PQC approach is optimal to address their critical needs for a practical post-quantum cybersecurity solution. QuProtect is the ‘easy button’ for this critical PQC upgrade.”
While quantum computing is an emerging field, leading experts such as Arthur Herman, senior fellow and director of the Quantum Alliance Initiative at The Hudson Institute, believe that a Cryptographically Relevant Quantum Computer (CRQC), which is a quantum computer that can break current cryptography and will expose the world’s encrypted communications and data, will be available within the next 3-5 years. Additionally, nation-state attackers are currently stealing encrypted data which will be retroactively decrypted once a CRQC is available. This is a style of hacking known as “Steal Now, Decrypt Later” (SNDL), which is especially important to consider in the case of sensitive data – bank account information, electronic health records, national security information, etc. – that needs to remain secret for decades. As a result, on May 4, the White House mandated PQC compliance via the National Security Memorandum “Promoting United States Leadership in Quantum Computing While Mitigating Risks to Vulnerable Cryptographic Systems.” Additionally, the bipartisan Endless Frontiers Act would establish a Technology and Innovation Directorate at the National Science Foundation, which would use $100 billion in federal funds over five years to research emerging technologies including quantum computing, and specifically PQC. Organizations will need to follow suit to protect their data and communications from post-quantum cyberthreats.
“National Security, Public Safety and Privacy have all collided in the past several years,” said United States Navy (Retired) Rear Admiral Mike Brown, a senior cybersecurity specialist formerly with the Departments of Defense and Homeland Security. “Quantum security with quantum computing and encryption is foundational to public and private sector efforts to counter nation states, rogue actors, criminals and others. We must counter serious threats with advanced technologies that can be easily deployed and are successful. QuSecure is leading in this field, and I’m thrilled to be part of their advisory team.”
QuSecure, with focus on adoption, easy upgrade, and modern cyber-protection practices, architected QuProtect as a more resilient PQC platform that works anytime, anywhere and on any device. The company provides an end-to-end quantum security as a service (QSaaS) architecture that addresses the digital ecosystem’s most vulnerable aspects, uniquely combining zero-trust, next-generation post-quantum-cryptography, quantum-strength keys, high availability, easy deployment, and active defense into a comprehensive and interoperable cybersecurity suite. The comprehensive approach is designed around the entire data lifecycle as data is stored, communicated, and used.
In addition to its expert team of founders and employees, QuSecure has collected an all-star quantum and cryptography advisory team. Advisors (partial list) include Rene Haas, CEO of Arm Ltd., a Fortune 500 leader in designing, securing and managing all areas of AI-enhanced connected compute; United States Navy (Retired) Rear Admiral Mike Brown, a senior cybersecurity specialist formerly with the Departments of Defense and Homeland Security; Paul Touw, formerly Chief Strategist for the US Department of State and founder of Ariba Networks (now SAP Ariba); Dr. Sarah McCarthy, Postdoctoral Researcher at the University of Waterloo and specialist in post-quantum cryptography; Laura Thomas, former CIA Chief of Base with more than 17 years in various national security and leadership roles and currently VP of Corporate Strategy at ColdQuanta, a quantum computing and sensing company; John Cosgriff, CEO at UnitedHealthOne, part of UnitedHealth Group, the world’s largest healthcare company; Louie Gasparini, former CTO & VP of Product Management at RSA; and Moshe Ben Simon, VP of Products at Fortinet.
“The security community is facing a crucial time where cutting-edge research needs to be accelerated to the stage of product deployment,” added Dr. McCarthy. “With its diverse team of experts, determination and resources, QuSecure is well-equipped for this challenge.”
QuSecure is an innovator in post-quantum cybersecurity with a mission to protect enterprise and government data from quantum and classical cybersecurity threats. Its patent-pending, quantum-safe solutions provide an easy transition path to quantum resiliency across any organization. The company’s QuProtect solution is the industry’s first PQC software-based platform uniquely designed to protect encrypted communications and data with quantum-resilience using a quantum secure channel. QuSecure has current customer deployments in banking/finance, healthcare, space/satellite, IT/data enterprises, datacenters and various Department of Defense agencies. QuSecure is investor backed and has offices in Silicon Valley.
QuSecure and QuProtect are registered trademarks of QuSecure in the United States and other countries. All other company and product names are either trademarks or registered trademarks of their respective companies.
Align Capital Partners | June 24, 2022
Align Capital Partners announced the recapitalization of Schneider Geospatial, LLC, a SaaS provider of public access land management software and recurring support services to state and local governments. As one of the largest providers of GovTech geospatial solutions in the U.S. with a presence in over 25 states, the Company’s software allows citizens to access disparate government information sources in a more efficient and cost-effective manner.
Schneider Engineering Corporation was founded in 1962 and began offering geographic information system (GIS) services in 1989. After the GIS business grew well organically and through several acquisitions, the Schneider family decided to spin out Schneider Geospatial into a separate, independent business in 2018 while maintaining 100% ownership of the Company. Through this transaction, ACP is providing significant growth capital to Schneider Geospatial, while preserving the Schneider family legacy through their continued ownership interest in the Company.
“Our grandfather, Vincent Schneider, had a love for technology that was ahead of his time. Our father, John Schneider, embraced this passion and began our GIS business with a keen insight that understood the importance of geographic data. We are very proud of Schneider Geospatial, its award-winning innovations and the amazing group of employees who have made this all happen. We are excited to be associated with Align Capital Partners and we look forward to the future as we continue to grow and expand,” said J. Barry Schneider and Victoria Schneider Temple.
Headquartered in Indianapolis, Indiana, the Company’s 50+ person team helps power Schneider Geospatial’s cloud-based software platform that enables clients to manage over 500 million information requests from over 23 million users, including citizens, commercial real estate developers, appraisers, law firms, contractors and inspectors. The Company’s core solution combines web-based GIS data reporting tools including CAMA and tax, ownership history, liens, boundaries, environmental issues and topography, into a single, user-friendly web application.
We are excited to continue our partnership with our amazing clients. ACP’s investment allows us to accelerate several of our growth initiatives which will result in even better solutions and services to our clients. Our talented team is excited to continue this next phase of the Company’s growth.”
Jeff Corns, CEO of Schneider Geospatial
Schneider Geospatial is ACP’s second GovTech platform investment to date, following its 2020 investment in Electronic Transaction Consultants Corporation. “The Company has a very strong value-proposition of helping clients provide public access to digitized records as a replacement to a historically inefficient and labor-intensive experience,” said ACP Managing Partner Chris Jones. “Our enthusiasm for Schneider Geospatial plays on the attractive tailwinds of our firm’s GovTech thesis. The Company is well positioned to help governments replace antiquated technology, increase access to important digitized information and enhance information sharing capabilities to improve citizen engagement.”
This represents ACP’s 72nd closed investment since the firm was founded in 2016 and is ACP’s 11th new investment year-to-date, including two platforms and nine add-on investments. Principal Matt Iodice and Associate Aaron Lewis worked alongside Mr. Jones on the transaction. Schneider Geospatial was advised on the transaction by Faegre Drinker Biddle & Reath LLP, while ACP was supported by Calfee, Halter & Griswold LLP.
About Schneider Geospatial
Schneider Geospatial is a provider of State & Local Government SaaS public access solutions and support services. The Company’s products include award-winning SaaS solutions such as Beacon™ and qPublic.net™ focused on local government information for the web; GeoPermits™ which is a SaaS permitting and workflow management platform; and Agland™ used to automate the calculating process for agricultural assessments. In addition to a diverse product portfolio, the Company offers a full range of GIS, technology and GovTech services.
About Align Capital Partners
Align Capital Partners is a growth-oriented private equity firm that partners with business owners and management teams to create shared success. ACP manages $775 million in committed capital with investment teams in Cleveland and Dallas. ACP brings experience and resources to help lower-middle market companies accelerate their growth, to the benefit of management, employees and the firm’s investors. ACP makes control investments in differentiated companies within the business services, technology, specialty manufacturing and distribution sectors.
Ventech Solutions | May 25, 2022
Ventech Solutions, Inc. has been recognized in the 2022 FedHealthIT Innovation Awards for its support of the 1135 Waiver/Flexibility Request and Public Health Emergency Inquiry Helpdesk Tool for the Centers for Medicare and Medicaid Services (CMS) Center for Clinical Standards and Quality (CCSQ).
Nominated and selected by a panel of current and former federal and industry leaders from across the federal IT sector, these programs are chosen for driving technology innovation and results within the federal health IT space.
To be recognized for delivering an innovative technology solution that better serves our medical community and government in times of an emergency is quite an honor. We're thrilled to be able to partner with our client and deliver a successful outcome and tool that solves a vital need to the public, and we congratulate CMS-CCSQ on the award."
Tonia Bleecher, Chief Executive Officer for Ventech Solutions
Using the ServiceNow platform and as a ServiceNow Premier level partner in sales, services and the public sector, Ventech Solutions developed a new publicly accessible web-based portal for submissions of 1135 waivers of the Social Security Act that are used in a disaster or emergency by hospitals, medical providers and state agencies.
Ventech Solutions also supports CMS by operating and maintaining CCSQ's QualityNet website, which provides healthcare quality improvement news, resources and data reporting tools and applications used by healthcare providers, through the Health Care Quality Information Systems (HCQIS) Infrastructure and Data Center Support (HIDS) contract. CCSQ's mission is to improve healthcare outcomes, beneficiary experience of care and population health, while reducing healthcare costs. Ventech Solutions leads design and development teams for ServiceNow, cloud computing, infrastructure automation and DevSecOps delivery. The QualityNet infrastructure and network support major application environments to collect clinical data and measure quality of care for CMS beneficiaries.
Ventech Solutions will join the awardees at the 8th Annual FedHealthIT Innovation Awards on June 7, 2022, in Washington, D.C.
About Ventech Solutions
Ventech Solutions is a technology and healthcare solutions provider that leverages emerging technologies to deliver a wide range of enterprise services including cloud modernization, infrastructure, data, security and service integration support. Ventech Solutions leads and manages some of the most critical technology transformation initiatives for the public sector that empower government agencies to achieve their missions.